Energy
Flat copper, EV glut, imploding wind power equal green crash
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From the Frontier Centre for Public Policy
By Ian Madsen
Large fissures are appearing in the ‘Green Transition’ story climate crusaders tell themselves. They are trying to foist it on a reluctant public and skeptical business world. One recent such crack is the carve-out on carbon taxes for heating oil in the politically-fickle Atlantic provinces. Provincial premiers are trying to get the same treatment for other fossil fuel heating fuels.
Yet, politicians who still hew to the Climate Crisis orthodoxy remain unrepentant. Montreal’s city council has announced that all new buildings of three stories or less will not be permitted to use natural gas heating. Taller buildings would face the ban later. Several cities and states in the United States are also trying to restrict natural gas use. Their efforts seem desperate.
A recent U.K. study concluded that heat pumps are much more expensive than employing natural gas (also true in Canada), and resistance heating is even worse. Due to the study and public pushback, the planned U.K. heat pump mandate was cancelled – and ‘Net Zero’ postponed beyond 2035.
Extreme policy adopted by voting-block-pandering politicos notwithstanding, other constituents of the artificially-sustained Green Transition show signs of weakness. For some, notably wind power, outright impending collapse looms.
Wind turbine companies’ share prices have slumped. The main reason is that wind power contracts are being cancelled in many places. A large project off the New Jersey coast is the latest example. Component and material costs are the main culprits. They caused wind developers to raise requested electricity prices to unaffordable levels, and higher interest rates made capital costs rocket skyward. Recent revelations about the high costs of recycling wind turbine blades have soured governments and the public on this dubious ‘alternative energy’.
Electric vehicles, ‘EV’s’, are another darling of the climate lobby. There is now a large accumulation of unsold EV’s on dealer lots, not just in North America but in China. It takes a very large ‘rebate’ to get anyone to consider buying one – an indication of fundamental unpopularity.
It takes many minutes to recharge the battery pack at a ‘supercharge’ station; or, sometimes, hours at a regular charging station. The former is expensive, the latter is an unacceptable time and opportunity cost for owners. The bigger issue is a woeful lack of chargers for highway driving yet over reaching politicians are pushing a fantasy ban on gasoline vehicles by 2035. Forget that, it won’t be happening.
However, the best indication that the Green fever dreams of excitable politicians and disingenuous so-called Climate activists are becoming a nightmare is the price of copper. Slow expansion of copper production and the increasing demand for it in Green Transition technologies such as EV’s, wind turbines, and solar panels and for all the grid connections and upgrades that they entail should force the copper price to soar. Yet, it is just about where it was three years ago.
Mining companies are reluctant to buy or develop new copper deposits, or expand existing operations, with no visibility for a substantially higher copper price. Costs have risen, too, and particularly for fuel and financing, making future positive returns look implausible.
Energy consumers, households and businesses, are rejecting the hysterical climate extremism that attempts to compel the use of uneconomic and unreliable energy forms and technologies, and the rejection of proven, affordable ones. Politicians should listen, and change.
Ian Madsen is the Senior Policy Analyst at the Frontier Centre for Public Policy
Daily Caller
Trump’s Energy Secretary Issues Dire Warning To Globalists About Green Energy Lunacy
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From the Daily Caller News Foundation
By David Blackmon
During a 12-minute video appearance at the 2025 Alliance for Responsible Citizenship (ARC) Conference held in London, Secretary of Energy Chris Wright told the audience that “Net zero by 2050 “is a sinister goal.”
That is a bold statement, especially given that it was delivered to an audience sitting in the United Kingdom, where both major political parties that have traditionally governed the country – the Conservative “Tories” and the far-left Labour Party – have spent the past decade pushing their country to meet its net zero goals as if it were a matter of religious faith. Regardless of the obvious negative economic and social consequences that have been heaped upon UK citizens, and equally obvious futility of the entire effort, leaders of both parties have kept the country on this ruinous path.
As Wright went on to point out, net zero by 2050 is “both unachievable by any practical means, but the aggressive pursuit of it…has not delivered any benefits, but it’s delivered tremendous costs.” This is objectively true, the most painful example being the rapid deindustrialization of the formerly strong British economy and the accompanying rapacious condemnation of thousands of acres of arable lands to become home to huge wind and solar installations.
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As Wright points out, “no one’s going to make an energy-intensive product in the United Kingdom anymore.” A clear object lesson in that reality came in September when venerable steelmaker Tata Steel shut down the last existing steelmaking plant in the UK.
Climate zealots in both major parties celebrated that event, but we must ask what there really is to celebrate? Sure, the Labour politicos get to virtue signal about the elimination of X tons of carbon dioxide emissions, but in a global sense, that’s meaningless. The UK still needs steel – the only difference now is that the steel that used to be made by highly-paid workers in domestic mills will now be imported steel made by poverty waged workers in Pakistan, China and other mainly Asian countries.
Meanwhile, the emissions created by making the steel in those other countries with lower environmental regulations will be far larger than from steel that used to be made in the UK. As Wright pointed out at the ARC conference, “This is not energy transition. This is lunacy.”
He isn’t wrong.
On Feb. 13, the Center for Research on Energy and Clean Air (CREA) published a report showing that construction of new coal-fired power plants in China reached a ten-year high in 2024. CREA finds that “China approved 66.7 gigawatts (GW) of new coal-fired power capacity in 2024, with approvals picking up in the second half after a slower start to the year.” It all belies the favored narrative on the political left that China is leading the world in converting its power systems to renewables. In reality, the expansion of its coal sector may actually be accelerating again.
That renewed Chinese focus on expanding its coal power fleet is driven in large part by the zealous focus by globalist leaders in the UK and other western countries – Germany is another great example – on deindustrializing their own economies to satisfy their obsession over atmospheric plant food.
The making of steel and other heavy industrial processes requires reliable, affordable power generation that runs 24 hours every day, 7 days every week. Whether politicians like it or not, coal is the fuel that most reliably and consistently meets all those tests.
Thus, if China and other Asian nations are destined to inherit all the heavy industries being killed off by virtue signaling Western nations, they will need many more coal power plants to power them. This really isn’t complicated.
Meanwhile, the UK can no longer manufacture its own steel or myriad other industrial products that are essential to modern human existence. If the Labour government continues its policy of condemning vast swaths of British farmland to house more and more wind and solar sites, the kingdom will soon no longer be able to even feed its people.
All to satisfy this odd religious dogma based on an obsession over plant food. Lunacy, indeed.
David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
Energy
Federal Government Suddenly Reverses on Critical Minerals – Over Three Years Too Late – MP Greg McLean
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From Energy Now
By Calgary MP Greg McLean
Government in Full Reverse
Canada-U.S. Trade Relations is obviously the most pressing issue facing Canadians today.
It’s important to remember how we arrived at this point, but also to question the sincerity of the Liberal Ministers and leadership contenders who are now posing solutions, such as:
- We need to diversify our resource trade
- We need to build pipelines and infrastructure to get our exports to tidewater
- We need to streamline our regulatory burden that stands in the way of development
- We need to halt the escalating carbon tax
- We need to reverse the capital gains tax increase
The Liberals are turning themselves inside out on the policy choices they have made over nine years, and put Canada in a precarious economic position vis-à-vis our trade position.
If you believe what they are saying now, these Liberal Ministers and leadership contenders are saying that Canada needs EXACTLY THE OPPOSITE of what they have delivered over these past nine years.
I can’t comment on whether these NEW Liberal policy positions completely lack sincerity, or whether they are the result of a ‘deathbed conversion’, but nine years of moving in the exact opposite direction to their new words has led Canada to where it is today – and that is nine lost years for Canadians, our prosperity, and our role in a complex world.
Below is another example of a specific morphing of a Liberal policy – to the one I helped put forth – 3 ½ years ago – regarding Canada’s policy on critical minerals.
Minister Late to Critical Mineral Strategy
Here’s a gem of wisdom from December’s Fall Economic Statement:
Canada will work with the United States and other likeminded partners to address the impacts of non-market policies and practices that unduly distort critical mineral prices. This includes ensuring that market participants recognize the value of critical minerals produced responsibly, with due regard for high environmental standards and labour practices.
Then, on January 16th, the following from Canada’s Natural Resource Minister, Jonathan Wilkinson:
During a panel discussion in Washington on Wednesday, Natural Resources Minister Jonathan Wilkinson proposed that enforcing a floor on metals prices could be “one of the centerpieces of the conversations we would then be having at the G7” summit later this year.
Western nations have long warned that China’s dominance in everything from nickel to lithium has let the country’s producers flood the market with supply, thereby keeping prices artificially low for competitors. Wilkinson has touted price floors as a way to combat that market control.
What a great idea!
Here’s the relevant excerpt from June, 2021, from a dissenting report on the Natural Resources Committee, when I served as my party’s critic, in contrast to the government’s critical minerals approach at that time:
Recommendation 4: Coordinate with our allies to establish a dedicated supply stock of critical minerals, possibly through a physical storage and floor pricing mechanism for visibility and pricing purposes.
Excerpt: Canada is too small of a market to undertake this effort on its own, but it can play a key role with its longstanding leadership as the mining jurisdiction of choice in the world. Canada’s pre-eminent role as a financing jurisdiction for international mining is well understood. Although we are at the early stages of losing this historical leadership to Australia, acting quickly to solidify Canada’s leadership will be a strong signal. Australia and Europe have already established critical mineral strategies to offset the dominance of the market that China has exerted. At the very least, Canada’s coordination needs to include the United States, and probably Mexico (through CUSMA), as the ongoing funding of a critical mineral supply may require backstopping developments with a price amelioration mechanism. In essence, a floor price to ensure the protection of critical mineral developments from manipulating price volatility – and which has held back developments, or caused the insolvency of several of these developments, due to non-transparent world market pricing mechanisms. … Establishing a steady supply of these critical minerals will lead to more value-added opportunities, in conjunction with our trade partners.
Conservative Dissenting Recommendations
My question to the Minister: ‘What took you so long?’
This approach was presented three and a half years ago – and the Government chose to ignore it then.
No surprise now, perhaps, as we’ve seen this Minister flip-flop on so many of the nonsense policies he’s put forth or acquiesced in at Cabinet:
- The Clean Electricity Regulations (still opaque)
- Canada’ role in shipping hydrocarbons to the world
- Building energy infrastructure
To say nothing of the various Cabinet decisions he has been a part of that have led to Canada’s current weak negotiating position with our allies. We effectively have not had a Minister of Natural Resources under his tenure.
Nothing topped it off more succinctly than his speech at the World Petroleum Show, held in Calgary in September 2023, when his remarks on behalf of the Government of Canada left industry participants around the world questioning whether the Minister was ‘tone-deaf’ or if, in fact, he knew anything about natural resources.
It seems his move to the position I promoted – three and a half years ago – shows that he’s finally listening and learning (or un-learning his previous narratives, perhaps)– but it’s quite late in the day. Time and our future have been wasted.
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